NZDUSD short - In a bearish cycle at level 2. There is still bearish momentum as it is heading towards H4 Bullish OB. All candles closed below the high created at 5:15 am GMT, showing resistance at that point as high was held for multiple hours, indicating they were not going to break it (as cycle is bearish). Evening star pattern then formed with divergence shown. SL @ 12 pips above Trade Open, and TP @ 26 below Trade Open, which is YL.
Note
Instead of YL, I mean't to say TL (The current days low, so Today's Low)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.